Another Analyst Chimes In On Chinese Solar
Analyst: Wedbush initiated coverage on a handful of Chinese solar players on Wednesday.
Trina Solar (TSL) received the lone Outperform ranking from Wedbush this morning as the firm initiated coverage on four Chinese solar players. The analyst noted that the next few years “will continue to be tumultuous,” but “risk tolerant investors may participate in the development of this industry by carefully selecting specific companies and entry points.” Given the recent volatility in the solar market, we’d put extra emphasis on the entry points, but with a one-month performance range of between 25% gains and -23% losses among components of the Solar Stocks Index, picking winners can mean the difference between huge outperformance and losing one’s shirt....
...Investors should take note that recent analyst opinions haven’t always predicted the stocks’ performance in the very near term....MORE